BANGALORE: Infosys founderNarayana Murthy told investors they should expect more organisational change at the company as at least three board-level positions will fall vacant through April 2015. Among those who will step down are incumbent CEO S D Shibulal in March 2015, as he would retire at the age of 60 under the company's rules, his fellow native of Kerala and co-founder S Gopalakrishnan, the company's vice-chairman, and Srinath Batni, who will leave in November.

Some of the external board members will also step down, including Omkar Goswami who will leave in December 2015, Murthy told investors at a meeting organised by Deutsche Bank at the company's Bangalore headquarters on Wednesday.

"These transitions were expected. While I cannot pin-point who will join the board, I expect the current mix (ratio) of people, company executives and independents, to stay the same," said an analyst with a well-known Mumbai brokerage on conditions of anonymity.

Further, "if they do appoint an external CEO, then he too will have to be accommodated on the board," the analyst added. However, insider BG Srinivas, who was raised to president and given charge of all the company's customer-facing operations earlier this year, is widely considered a shoo-in for the job.

Murthy has said a new CEO will be named by the time Shibulal leaves. Despite all these changes, the company will work hard to return to its PSPD way of doing business over the next three years, Murthy told investors, including Franklin Templeton. PSPD stands for predictability of revenues, sustainability of those predictions, de-risking and profitability.

In the process, he had reasonable expectations that Infosys, India's second-largest software services in India, will also return to glory days of commanding 20-25 per cent premium in pricing from customers, he said. Murthy, who has been meeting investors to reassure them that the company is on the mend reiterated points he had made most recently at a conference with Bank of America Merrill Lynch.

He knew that the company's growth had sunk to abysmally low levels that despite an eventual doubling of the forecast for the year ending March 31, the company's forecast fell short of the 12-14 per cent industry experts estimate for the same period provided by the sector lobby Nasscom. Murthy also added again that "barring exceptions" the senior exits at the Bangalore-based software services provider since his return had not harmed the company in any way.

"I don't think god is finished with us," Murthy said. "If this company recreates its mindset, focuses on creating further differentiation, I believe that our desire to compete in these clouded and highly competitive markets successfully while creating additional margins, will be possible."